Future CFO

JULY 23, 2024

This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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Future CFO

JULY 16, 2023

The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.

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VCFO

APRIL 27, 2023

vcfo Austin welcomes Richard Buckley, Consulting CFO, to serve all Austin and Central Texas area clients. He provides exceptional leadership, communication, and mentoring skills, proven effective across multiple business platforms and company cultures. He earned his CPA license and was promoted twice in four years.

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The Finance Weekly

JANUARY 22, 2024

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Assist with risk management, audits, and research.

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Future CFO

FEBRUARY 23, 2023

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. With unemployment rates at historic lows, it’s not surprising that auditing and accounting talent shortage is a hot issue, said David Osborne, CEO at Caseware.

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CFO Talks

OCTOBER 4, 2022

“CFOs experience higher turnover rates after their firm has received an adverse opinion by auditors because of internal control weaknesses. Similarly, CFO departure increases after the disclosure of inadequacies of firms’ internal controls,” according to a 2016 paper. Clear communication around important issues .

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Future CFO

MAY 15, 2024

Efforts to standardise reporting practices are also underway, and we see firms investing in technology to enhance their disclosure capabilities. In 2022 at the start of the euphoria around ESG, FutureCFO observed that CFOs in Asia showed keen interest in leading their organisation’s sustainability initiatives.

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CFO Talks

SEPTEMBER 26, 2024

Pension Funds Act: Regulates the management of pension funds in South Africa, ensuring that funds are properly administered and that contributions are invested prudently. For example, recent amendments to the Companies Act have altered financial reporting and audit requirements, impacting many businesses.

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The Finance Weekly

JUNE 21, 2022

This is especially true for CFOs who are planning to take their company public. At the , CFO Leadership Conference in Boston earlier this month, , Mike Ellis , who was named by the , Boston Business Journal CFO of the Year , offered an inside look into how a CFO prepares a company for an initial public offering and life as a public company.

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CFO Talks

AUGUST 13, 2024

As a CFO, your role goes beyond crunching numbers— it’s about creating a team that’s dynamic, cohesive, and ready to tackle the financial challenges of today and tomorrow. Understanding the Role of a CFO as an Operator The role of a CFO as an operator involves ensuring that the finance team operates efficiently and effectively.

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Finance CFO Problem Solving Communication 52

The Finance Weekly

APRIL 21, 2024

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. What CFOs are Capable of Doing? Facilitate risk management, audits, and research.

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CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

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CFO News Room

DECEMBER 16, 2022

After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. Investment Banker. One industry that tends to be recession-resistant is finance.

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CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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Future CFO

MARCH 27, 2024

Over half of the survey respondents for the study , which gathered insights from over 6,500 respondents, were Gen Y/Millennials aged 25-42, with 37% current auditors, 33% former auditors and the rest considering audit as a future career. Invest in technologies to ease workloads. Embrace technology to remain relevant.

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Numbers Accounting Auditing Communication 52

CFO Leadership

OCTOBER 18, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals.

Accounting 52

Accounting Finance Auditing IFRS 52

The Charity CFO

JULY 10, 2022

Meanwhile, audits, financial management, and risk mitigation fall under the purview of the Finance or Risk Management Committee. Communication Committee. Investment Committee. For example, the board may charge this committee with things like: Overseeing financial details (including audits, investments, and acquisitions).

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Future CFO

DECEMBER 21, 2023

Bring clarity and communicate organisation objectives. Risk appetite needs to be communicated internally and externally. Encourage / facilitate senior leadership teams to undertake ‘deep dive’ reviews on key risks, using audit and risk committees as appropriate.

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Risk Management Finance Leadership Auditing 52

Fpanda Club

SEPTEMBER 2, 2021

Performance management is a range of practices which a company uses to measure its performance and communicate results. However, interpersonal and communication skills are equally important, especially today when we are witnessing a huge shift of the FP&A organization towards business partnership model.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

CFO Simplified

DECEMBER 12, 2021

While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Sometimes the differences are misunderstood because the CFO works with both the Accounting and Finance departments. Growth planning .

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Accounting Finance Cash Flow Forecasting Quantitative Analysis 52

The Charity CFO

MAY 11, 2023

A study by the Stanford Social Innovation Review found that nonprofits that invested in strong financial management practices, including bookkeeping, were more likely to achieve their mission and grow their organization. Strong financial management can come in many forms and there is no one size fits all for any nonprofit organization.

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Future CFO

MAY 5, 2024

ACCA urges finance professionals to ensure that AI governance and AI risk management is in place, beginning with investing in AI literacy and skills development. Finance professionals must invest in education and training to critically evaluate AI outputs, communicate clearly with key stakeholders, and make informed decisions.

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The Charity CFO

DECEMBER 27, 2023

Common nonprofit income that could be excluded from UBIT includes: Dividends and Other Investment Income Interest Earnings Royalties Certain Rental Income Gains or Losses from the Disposition of Property Additionally, income generated using a majority volunteer labor force may qualify for an exception. Get the free guide!

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The Charity CFO

DECEMBER 8, 2022

Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes. Grants may include: Investments relation to programs. Conduct regular audits. Scholarships. Fellowships. Mentoring programs. Outreach initiatives.

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Accounting Nonprofit Auditing Compliance 52

The Charity CFO

JUNE 19, 2023

The first focuses more on investments. And in the event of an audit (whether it’s the IRS, another external group, or even an internal one), your advisor will have your organization prepared and guide you through the process. When it comes to picking a partner, there’s no better choice than The Charity CFO.

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Nonprofit Communication CFO Auditing 52

The Charity CFO

APRIL 9, 2024

Maya and her team specialize in investing for nonprofit organizations. The expectation of these two roles, whether separate people, (or one person in smaller organizations) is to be able to communicate the financial health of the organization quickly and effectively while in a presentation or board meeting.

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The Charity CFO

NOVEMBER 23, 2022

They handle all payroll and accounting functions and manage investments and fundraising efforts. This background helps them provide oversight for and manage all forecasts, budgets, and investments for the organization. Excellent Communication Skills. Get Outsourced Nonprofit CPA & CFO Services. How to verify.

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Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

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The Charity CFO

APRIL 18, 2024

For instance, working with a nonprofit accountant, like The Charity CFO, can help you reduce your risk of financial non-compliance. Audit and adjust technology and data practices based on current cybersecurity best practices. You can make donors feel special by adding personalized messaging to donor communications.

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Future CFO

MAY 1, 2024

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation. “A

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CFO News Room

JANUARY 18, 2023

According to a 2022 Gartner survey of 405 frontline worker managers, 58% of organizations that employ frontline workers have invested in improving their employee experience in the past year; about one-third of those who haven’t said they intend to do so in the next 12 months. gender, race/ethnicity) to proactively surface problems.

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Future CFO

FEBRUARY 16, 2023

Lee Thong Tan (pictured), CFO Practice Lead, Asia, Workday explained in an interview with FutureCFO why cost cutting is not an effective way to deal with that and what CFOs could do to combat existing challenges. Finally, companies should also leverage the opportunity which economic downturns bring to invest in their people.

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CFO Leadership

OCTOBER 10, 2023

Moving too fast to grab the first shiny object you see in the AI landscape could easily result in a poor investment — and more technical debt the business doesn’t need. That includes investing in people and business processes that can help your AI initiative be successful.

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Planful

OCTOBER 19, 2021

CFOs are uniquely positioned to support an organizational shift to proactive cybersecurity measures. According to Nabil Hannan , managing director at NetSpi, CFOs can quantify and communicate the ROI of secure systems to the C-suite by collaborating with chief information security officers ( CISO).

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Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

Future CFO

SEPTEMBER 3, 2023

I also found that I love audit, being able to use professional skepticism to question the workpapers and ensure integrity in the financials. Further into my career at Sloan Financial Group and then Cox Communications, my passion for process optimisation began to take the forefront.

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The Finance Weekly

APRIL 27, 2022

Wall Street anticipates growth, the C-suite expects annual plans to be accomplished, and owners expect a return on their investment, especially those who have potentially risked their life savings. Doing so as a CFO requires the following actions: 1. Investing in cross-training can be a good way to address this issue (i.e.

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Leadership Financial Planning and Analysis (FP&A) Communication Reconciliations 52

The Charity CFO

JANUARY 5, 2023

Misuse of funds and poor investments. Your organization has physical assets, including cash, investments, and other tangible property. Is there a need to invest more in particular projects or initiatives? It also involves staying up to date on the latest auditing standards, tax regulations, and IRS filing requirements.

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